New Panvel Flat Auction: 590 Sq Ft Flat with Terrace, Sector 5 – Reserve ₹81.7 Lakh (16 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-35
Property Description
The New Panvel flat auction announced by Federal Bank is one of the notable flat and apartment opportunities on the bank’s current sale-notice list. A second-floor flat with an attached terrace in Neel Vardhman CHS, Sector 5, New Panvel East, is up for e-auction at ₹81.7 lakh. The online e-auction is scheduled for 16 October 2026 (11:30 AM to 1:30 PM), with a reserve price of ₹81,70,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
New Panvel Flat Auction: Key Highlights
- Reserve price: ₹81,70,000
- EMD: ₹8,17,000
- Auction date: 16 October 2026, 11:30 AM to 1:30 PM
- Last date for EMD / bid: 15 October 2026, 3:00 PM
- Location: Sector 5, New Panvel East, Maharashtra
New Panvel Flat Auction – Complete Details
| Asset | Flat No. 204, Neel Vardhman CHS, Sector 5, New Panvel East |
| Description | Flat on the 2nd floor, A Wing, with attached terrace, flower bed and cupboard areas, 54.81 sq m carpet |
| Built-up area | 54.81 sq m carpet (about 590 sq ft) |
| Survey / Plot No. | Plot No. 46, Sector 5 |
| Village | New Panvel (East) |
| Taluk | Panvel |
| District | Raigad |
| Reserve price | ₹81,70,000 |
| EMD (10%) | ₹8,17,000 |
| Bid increment | ₹10,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Louiswadi |
| Mode of sale | Online e-auction |
| E-auction portal | federalbank.auctiontiger.net |
| Encumbrances | The notice records a sale deed registered on 11-11-2019 as an encumbrance against the property |
| Notice date | 24 September 2026 |
About the Location – Sector 5, New Panvel East
New Panvel is a planned CIDCO node of Navi Mumbai, close to Panvel railway junction, the Mumbai–Pune Expressway and the Sion–Panvel highway. The upcoming Navi Mumbai International Airport is just a few kilometres away, and the Panvel–Karjat suburban line and the Mumbai Trans Harbour Link have sharply improved connectivity. Ready flats in established sectors like Sector 5 are in strong demand from airport and logistics professionals.
Is the New Panvel Flat Auction Worth It?
Important: the notice lists a 2019 registered sale deed as an encumbrance. Check the title history carefully with a lawyer before bidding, as this could affect clear ownership. Since the reserve price is fixed by a registered valuer and often sits below market rates, early research gives you a real edge in this auction.
Important Dates for the New Panvel Flat Auction
- Sale notice date: 24 September 2026
- Inspection: 07-10-2026, 2:00 PM to 3:00 PM with prior appointment
- Last date for EMD and bid submission: 15 October 2026 (3:00 PM)
- E-auction: 16 October 2026, 11:30 AM to 1:30 PM
How to Bid in This Federal Bank Auction
- Register on federalbank.auctiontiger.net and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹8,17,000 by RTGS/NEFT and upload the bid form before 15 October 2026.
- Log in on 16 October 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% of bid on acceptance; 75% within 15 days. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for Plot No. 46, Sector 5.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical or symbolic) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our tips for buying bank auction flats before you bid.
Contact the Authorised Officer
| Authorised Officer | Assistant Vice President & Branch Head |
| Office | Federal Bank LCRD Mumbai Division, 134, 13th Floor, Jolly Maker Chamber II, Nariman Point, Mumbai 400021 |
| Phone | +91-8828226729 |
| mumlcrd@federalbank.co.in |
New Panvel Flat Auction: FAQs
What is the reserve price in the New Panvel flat auction?
The reserve price is ₹81,70,000. Bids below this amount are not accepted.
When is the New Panvel flat auction scheduled?
The auction is on 16 October 2026 from 11:30 AM to 1:30 PM. EMD and bids must reach the bank by 15 October 2026.
How much EMD is required?
The earnest money deposit is ₹8,17,000, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More flat and apartment auctions
- Bank auctions in Raigad
- Guide: home loan for auction property
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Built-up Area | 54.81 sq m carpet (about 590 sq ft) |
| Location | Sector 5, New Panvel East, Mumbai, Maharashtra |
| Encumbrances | The notice records a sale deed registered on 11-11-2019 as an encumbrance against the property |
Location Map
Auction Timeline
- 24 Sep 2026Auction Notice Published
- 7 Oct 2026Inspection Ends
- 15 Oct 2026Last Date for EMD Submission
- 16 Oct 2026, 11:30 AM to 1:30 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.